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Allulose Market Size by Type (Powder, Liquid, Crystal), By Application (Food, (Bakery & confectionary, Table-top sweetener, Dairy and frozen desserts, Sauces and dressings, Ice Creams and Desserts), Beverages, Pharmaceuticals), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2023– 2032

  • Report ID: GMI5115
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

Allulose Market size was valued at USD 90 million in 2022 and is poised to depict more than 14.5% CAGR from 2023-to2032 as a result of the increasing consumer shift towards health and low-calorie diets.
 

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The last few decades have witnessed the prevalence of diseases related to excessive weight gain, such type 2 diabetes, obesity, and hypertension, increase significantly worldwide. As per estimates from the World Health Organization (WHO), nearly 422 million people across the globe suffer from diabetes, with the majority residing in low- and middle-income nations. This rising penetration of diseases is expected to support the spike in allulose demand in the coming years.
 

U.S. Food and Drug Administration (FDA) has approved the use of allulose as an ingredient in a variety of foods and nutrition supplements in the U.S.  However, the use of allulose as a key food ingredient still awaits a regulatory approval in Europe. Thus, stringent regulations for the use of allulose as a food additive might hinder the market growth in the forecast timeframe.
 

Powder allulose demand to gain prominence as a key substitute to powdered sugar

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Global allulose market share from powder segment was valued at around USD 43 million in 2022. The growth can be attributed to its wide usage in sauce, frosting, glaze, dressing & sprinkling activities in food applications due to product features such as fast dissolvability.   Powdered allulose is also used in beverages as a sweeter option and to offer browning, bulking, and freeze-point depression properties.
 

Since this form of allulose is a perfect replacement of powdered sugar given its similar consistencies, it has attracted the attention of numerous health-conscious consumers. The rising inclination toward low calorie sweeteners has made way for the higher need for innovations for reducing sugar and maintaining great taste. The demand for powdered allulose in bakery and confectionery products is also likely to flourish in the near future.
 

Rising sales of diary and frozen desserts to augment allulose adoption in the food industry

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Based on application, allulose market is segmented into food, beverage, and pharmaceutical applications. The value of the food application segment from the dairy & frozen desserts is expected to record USD 18 million by 2032. Liquid forms of allulose are increasingly used in the dairy and frozen desserts industry as they offer a sweeter taste to the items without the addition of sugar.
 

The swelling popularity of ice creams across the world will assist the consumption of allulose as a non-artificial sweetening ingredient to offer taste and texture of sugar devoid of the calories. Allulose is also used as a table-top sweetener in dairy & frozen desserts, sauces & dressings, and ice creams & desserts. The increasing need for freezing liquids, semi-solids, and solids will also outline the industry dynamics.
 

Emphasis on healthy diets to boost allulose uptake in Asia Pacific

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Asia Pacific allulose market size is projected to rise at over 14.5% CAGR through the forecast period. The swiftly rising healthcare awareness among consumers in the region has led to the paradigm shift to nutritional diets and improving dietary patterns. This nutraceutical transition will augment the business growth in the region.
 

Product innovation strategies to influence industry outlook

Prominent companies, such as Matsutani Chemical Industry Co. Ltd., Tate & Lyle, CJ Cheil Jedang, Bonumose LLC, Ingredion Inc, Samyang Corporation, Apura Ingredients, Icon Foods, Heartland Food Products Group and Anderson Advanced Ingredients, among others form the competitive sphere of the global allulose industry.
 

The key strategies adopted by these companies to optimize their profits include new product launches, mergers & acquisitions, and partnerships. In December 2021, Samyang Corporation joined a global consortium, Allulose Novel Food Consortium (ANFC) to promote the European licensing of Allulose. Cosun Beet, Ingredion and Matsutani Chemical were some other firms that joined the consortium.
 

Impact of COVID-19 crisis on global allulose industry dynamics

The deadly COVID-19 pandemic posed severe medical, economical, and social concerns for businesses across the globe. The food and beverage industry responded to these challenges by placing emphasis on the production of nutrition rich foods that boost immunity against the virus. This factor has helped allulose sales in the food industry. On the other hand, the discrepancies in the global supply chain caused by series of lockdowns during this period pushed businesses to put in extra efforts to secure and sustain their supply networks.
 

To ensure that their products are distributed effectively throughout all regions, companies are entering into supply chain agreements with dealers and distributors. Over the course of the forecast period, market competition is expected to worsen as manufacturers attempt to use a variety of methods to obtain a competitive edge and boost their profit margins.
 

Global Allulose market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2023 to 2032 for the following segments:

By Product

  • Powder
  • Liquid
  • Crystal

By Application

  •  Food
    • Bakery & confectionary
    • Table-top sweetener
    • Dairy and frozen desserts
    • Sauces and dressings
    • Ice Creams and Desserts
  • Beverages
  • Pharmaceuticals

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for allulose was valued at USD 90 million in 2022 and is anticipated to register more than 14.5% CAGR over 2023-2032, due to the increasing consumer inclination toward health and low-calorie diets.
Owing to key product features such as fast dissolvability and ease of use, the global allulose industry share from the powder segment was valued at around USD 43 million in 2022.
Asia Pacific allulose industry, which is poised to showcase a CAGR of over 14.5% through 2032, is anticipated to witness considerable expansion with the shifting consumer preference for nutritional diets, dietary patterns, and nutraceutical transition.
Prominent companies, such as Matsutani Chemical Industry Co. Ltd., CJ Cheil Jedang, Bonumose LLC, Ingredion Inc, Samyang Corporation, Apura Ingredients, Icon Foods, Tate & Lyle, Heartland Food Products Group and Anderson Advanced Ingredients, among others form the competitive landscape of the global allulose industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 287
  • Countries covered: 12
  • Pages: 213
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